I attend occasional academic talks at the nearby university, and am seeing a growing trend towards simply pasting equations into PowerPoint in whatever their original format, such as MatLab or some programming language.
But I work in a business setting right now, and I've learned that equations in a presentation are taboo. A lot of non technical people assume if they see an equation, that the work is incomplete, otherwise you'd give an answer instead of an equation.
Jeez. I mean, I agree that it's poor form to stuff a presentation full of equations, but what a dumb reason that is... :(
I find LaTeX and TikZ perfect for that. If you're comfortable with programmatic markup, it's easy to produce detailed incremental diagrams with minimal effort, without the usual Powerpoint approach of "copy, paste, edit second copy, repeat, hope you never need to systematically change the base diagram".
My preferred style was to iteratively build equations over a few slides, explaining the pieces as I went, and having a legend for coefficients/terms.